Q3 2020 REC Silicon ASA Earnings Call Transcript
Good day, and welcome to the REC Silicon Quarter 3 Earnings Release Conference Call. Today's conference is being recorded.
At this time, I would like to turn the conference over to James May, CFO. Please go ahead, sir.
Good afternoon, and thank you for your interest in REC Silicon and in attending this conference call.
What I'll do is go through a brief description of what we released this morning in terms of the company's earnings results. And then I'll turn it over for a question-and-answer period and answer any questions that you may have.
This morning, we announced that the company generated revenues of $30.3 million and EBITDA of $17.9 million. EBITDA includes a 16.9 million -- or a $16 million noncash adjustment due to the settlement of property taxes that I'll discuss in a few moments here. September 30 cash balance was $35.9 million. This represents a $4.3 million increase over the cash balance reported at the beginning of the quarter. Cash flows from operations were $3.6 million and
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